Tex. Spec. Dist. Local Laws Code § 9059.206 · Subchapter E. BONDS
BONDS SECURED BY AD VALOREM TAXES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If bonds have been voted, the board shall impose a continuing ad valorem tax on all property in the district sufficient:
(1) to pay the principal and interest on the bonds as the principal and interest respectively mature;
(2) to create and maintain any reserve required by the resolution or resolutions authorizing the issuance of the bonds;
(3) to pay the expense of assessing and collecting the tax; and
(4) for anticipated delinquencies in the tax payments.
(b) The board annually shall determine and set or cause to be determined and set the rate of the ad valorem tax to be imposed under this section.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 855 (S.B. 1162), Sec. 1.06, eff. April 1, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/SD/htm/SD.9059.htm
- Text hash
- sha256 7beafbf1eafa08e5748ea7eec09370dd3708138ad4aad48b9c41cb42c1f33ed8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.